| 19.06.2009 - Tesco real-estate bonds signal simpler asset-backed debt market |
| From Bloomberg: Tesco Plc’s 430.6 million-pound ($700 million) sale of bonds secured by store leases, the first public issue of commercial property notes since 2007, may signal the future of the asset-backed market with its simple structure. Tesco, the world’s third-biggest retailer, sold one portion of 30-year bonds backed by guaranteed lease payments from 14 supermarkets and distribution centers.........Full Article: Source |